Result of AGM

Baring Emerging Europe PLC
26 January 2004


                              AGM Resolutions

At the Annual General Meeting held earlier today all the resolutions that were
proposed were duly approved. The resolutions approved included resolutions to
authorise the Company to issue Shares, to purchase its own Shares, and to issue
shares held in treasury at a price not less than net asset value per share at
the close of business on the business day which is two business days immediately
preceding the day on which the agreement to issue such shares is made.


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